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    Siren

    SI

    Rank #3044

    $0.05859

    +0.27%
    24H Low$0.05826
    $0.0586224H High
    24H Volume
    $976.68
    All-Time High(ATH)
    $4.37
    All-Time Low(ATL)
    $0.03007
    Market Cap
    $1.32 M
    Fully Diluted Valuation
    $5.86 M
    Market Cap/FDV
    22.45%
    Circulating Supply
    22.45 M SI
    Total Supply
    100 M SI
    Max Supply
    100 M SI
    Market Sentiment
    Neutral
    * Data from 3rd parties

    Siren (SI) Price Trends

    Time period
    Change amount
    % Change
    1H
    $--
    -0.61%
    24H
    $--
    +0.27%
    7D
    $--
    +8.01%
    30D
    $-0.02000
    -24.03%
    1Y
    $-0.02000
    -27.91%

    Investors

    The Spartan Group

    The Spartan Group

    CMS Holdings

    CMS Holdings

    Mechanism Capital

    Mechanism Capital

    RockawayX

    RockawayX

    Robot Ventures

    Robot Ventures

    Dialectic Capital

    Dialectic Capital

    Naval Ravikant

    Naval Ravikant

    QCP Capital

    QCP Capital

    Live Siren (SI) Price Update

    Siren price today is $0.05859 with a 24-hour trading volume of $976.68, and as such Siren has a market cap of $1.32 M, giving it a market dominance of 0.00015%. The Siren price moved 0.2700% in the last 24 hours.

    Siren reached its highest price on 2021-03-06 when it was trading at its all-time high of $4.37, while its lowest price was recorded on 2022-06-30 when it was trading at its all-time low of $0.03007. The current lowest price since the last cycle high was $0.03007, and the highest price since the last cycle low was $4.37. The social sentiment of Siren is currently Positive.

    The current circulating supply of Siren is $22.45 M SI. In terms of market cap, Siren is currently ranked 3044.

    About Siren (SI)

    SIREN is a distributed protocol for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum. About SIREN Options are a financial primitive from which one can build many different more complex financial instruments. At their core, options give a trader the choice to buy or sell an asset at a predetermined price at a known time in the future. This is useful for protecting one's self (also known as hedging) against possible price changes in the asset, as well as speculating on these price changes. Core Protocol Mechanics SIREN uses a fully-collateralized approach to writing options that doesn’t require any oracles to function. A single MarketsRegistry contract creates and coordinates individual markets. Once a Market contract is created anyone can interact with it in a permissionless manner. The solvency of a position is ensured at all times by the collateral locked in the smart contract. With SIREN, both the long and short side of the contract are tokenized. The buyer’s side (bToken) gives the holder the right to purchase or sell the underlying asset at a predetermined strike priceThe seller’s/writer’s side (wToken) allows the holder to withdraw the collateral (if the option was not exercised) or withdraw the exercise payment (if the option was exercised) from the contract after expiration. When a trader buys a put the on-chain token amount is multiplied by the strike. For example, a 1 WBTC $20K PUT will result in 20,000 bTokens. For the same reason, a put is just a reversed-assets call (e.g. a WBTC/USDC put is actually a USDC/WBTC call).​ Tokenizing both sides of the contract allows SIREN to create secondary markets for both the long and short exposure. Under such a design in order to become a writer one purchases a wToken from the SirenSwap AMM (see below). A writer can also unwind their short exposure by selling the wToken back to the AMM. This streamlines the write-side mechanics by reducing it to e

    FAQs

    1. What determines the price movement of Siren?

    There are two schools of thought in determining the price of Siren.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Siren, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Siren from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Siren on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Siren as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Siren and the cryptocurrency market as a whole.

    Siren Tokenomics

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    Siren Analysis

    Siren (SI) News

    Siren (SI) Announcements

    Date
    Market Cap
    Volume
    Open
    Close
    2024-04-24
    $22.44 M
    969.64 SI
    $0.05816
    N/A
    2024-04-23
    $22.45 M
    135.83 SI
    $0.05891
    $0.05816
    2024-04-22
    $22.44 M
    344.07 SI
    $0.05735
    $0.05891
    2024-04-20
    $22.45 M
    303.17 SI
    $0.05561
    $0.05735